Technical analysis by TradeVibez about Symbol XRP: Buy recommendation (7/21/2023)

Ripple Setting Up for Another Major Breakout Soon?? There's a lot to take in with this small 4 hour chart on XRP, but before we get into the bullish talk, lets take a moment to recognize that there is bearish divergence with a peak on the RSI. Hence the reason for the most recent pullback in price. But has it finished playing out yet is the question? We ask this question due to the fact that theres is a bullish pattern forming that is also giving us different signals on the same RSI. When we look at the recent swing high on this 4 hour chart, we can see that something that resembles what is called a 3 Rising Valleys pattern is forming and although you typically trust these only at the bottom of a downtrend rather than at the top one.. the triple hidden bullish divergence that has now painted could be giving us a signal of a continuation of trend. If this is the case, it is my belief that Ripple will have targets of around 1.04 and ultimately 1.25 eventually.